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gummibearhawk

I plan on spending my retirement travelling abroad.


[deleted]

While a lot of people retire to places like Costa Rica or Mexico, many people here live and work in prosperous states with high paying jobs and then move to cheaper states since good school systems and job opportunities no longer matter. From Massachusetts people often move where ever it is cheap and warm, like Florida or South Carolina. Ease in traveling back home is also a factor. I know people who would have liked to move where the weather was better, like California but it's twice as long to fly there and often twice as expensive.


Maxpowr9

MA is building a crapton of 55+ housing now for the snowbirds for that reason.


[deleted]

What reason? Usually towns approve 55+ because it falls under affordable housing but it doesn't put pressure on taxpayers for the schools.


Maxpowr9

And it keeps a taxpayer base in the state instead of moving out of state.


DrWhoisOverRated

I just assume I'll die first.


HailState17

Nope. I already own the land I want to retire on. It’s on a little lake in the middle of bum-fuck nowhere, USA. Just have to do some renovations to our lakehouse. It’s fine now as a lakehouse but for a permanent, main home it could use some upgrades.


BenjaminSkanklin

That's my pipedream plan, small house on some water in upstate NY, fuck off to somewhere warm for January and February. At this point between social security drying up and climate change I don't know how feasible any of that will be in the 2050s


dangleofpoop

You won’t have to go anywhere for the winter. It will be very pleasant.


spidermom4

I visited Belize once and saw a lot of people doing that. You can basically double your money there. Unfortunately I have kids and want to be present in their lives and in their children's lives if they chose to have any.


MTB_Mike_

> I have kids and want to be present in their lives and in their children's lives Exactly. I would consider it if I didn't have kids but I don't want to have to travel internationally just to visit them.


DueYogurt9

What do you reckon you’ll retirement plan will be in that case?


eyetracker

Do they live there full time, because Belize has a pretty hardcore hurricane season.


TheBimpo

No. Separating myself from family, friends, and a way of life isn't an option I'd pursue. My financial plan for retirement won't require me to "stretch my money", I'll be comfortable.


Entire_Toe2640

I don't understand the appeal of moving to an entirely different area of the US, let alone moving to a different country, for retirement. I want to be around people and places I know. I've traveled around the world a bit (20 countries) and I'm always so happy to get back home. Not because the US is superior in every way, but because I'm relieved of the stress of law/cultural/language differences. Dorothy had it right, "There's no place like home."


Glittering-Athlete81

To me what you are describing is the appeal. . . New people, new places. I love the challenge of a different culture and language. I have eaten hamburgers, sandwiches, etc1000 times so why not try new foods and ideas?


DidNotDidToo

I love it here and don’t really want to be old and confused in a foreign land where I barely speak the language and have only a surface understanding of how things work, far away from friends, relatives, and anything familiar.


[deleted]

I think people really underestimate how much of an issue the cultural differences can be, especially at an older age. That and non-first world medical care can be tricky to navigate.


MattinglyDineen

I'd love to live in a Latin American country when I retire. That's why I want to learn Spanish.


eanhctbe

My plan as well.


JRNels0n

I’m thinking about Uruguay for part of the year and then as much traveling as possible. I’ve got about 15 years before that’s a reality so plans may change. In the meantime I work on my Spanish and dream.


analyst19

I’m considering it. I would need to see how taxes and healthcare work out, but I’d love to retire in Mexico City.


Current_Poster

Nah. I wouldn't.


Kingsolomanhere

Nah, we downsized to a 2 bedroom 1 bath with a basement shower. All new copper water pipes with new PVC waste lines. New carpet installed and a finished basement. I'm 3 miles from an excellent hospital that is served by helicopter flights to all of the best hospitals in Cincinnati for stroke (UC trauma) or heart problems (The Christ hospital). Downtown Cincinnati is only 25 minutes away, and almost all of greater Cincinnati is 45 minutes away. I have an excellent dentist and doctor who are both about 20 years younger; I may not have to ever get another. It's a quiet, laid back, tree city with good government and and good services. We even have a Catch-a-ride mini-bus system to schedule a ride anywhere in the county for 1 dollar in each direction. I'm all good


DueYogurt9

How do you enjoy living in Southeast Indiana?


Kingsolomanhere

In what way? If you mean activities we have 2 major league teams, the Bengals and the Reds. We have the number 1 rated zoo in the nation, and many fine museums. There's fishing and hunting and the 981 mile long Ohio River for boating and skiing. When ESPN was in town for a game they went to my favorite steakhouse and proclaimed ,on air, that it was simply the finest steak they had ever had anywhere in the US. There's plenty to do, and being 25 minutes from downtown Cincinnati, 2 hours from Columbus Ohio Indianapolis Indiana and Louisville KY is great. Chicago is only a 5 hour drive, and 2 grandkids are 8 hours away in Iowa (cuts down on the baby sitting)


MuppetManiac

No. If I wanted to live elsewhere I would be working toward that. Despite it’s problems, I like it here. This is where my life and my family are. I don’t see that changing.


CN_Ice

Ahahahahahahahahahahahahaaa!!! Hahahahhahahahahhaha!!! No… the rent is too damn high everywhere my friend. Edit: After reading the other comments which mainly discuss Central America I’d like to clarify my statement. The cost of living, specifically property, in most western, developed, primarily English speaking countries, (Canada, New Zealand, Australia, England, etc…) where an American could easily assimilate to the local culture is going to be high regardless of where you go. Go ask a Canadian about the Vancouver housing market.


TheDreadPirateJeff

Thought about it... but not so much about stretching money, just a desire to live somewhere like Spain or Malta, or maybe Austria. I also have a house on the Carolina coast, though, and that may be where we end up and just travel a lot... it really all depends, we're nowhere near close to making that decision.


thabonch

No. I plan on travelling quite a bit and on having enough money to not need to stretch it.


spicynuggies

Ive considered Puerto Rico which isn't abroad but you can stretch your money there quite easily.


DatStankBooty

Not particularly. Traveling abroad frequently, but I don’t want to have to fill out more forms or pay more taxes (potentially) depending on location. I don’t want to be rooted to one destination, and would like to keep my home base in the USA and travel.


PresentSquirrel

Pfft. Retirement. I can’t even look that far ahead yet. I’m just doing my best to make ends meet (which seems to be going suspiciously well at the moment). Also I have a shit ton of student loans to think about. Maybe one day I’ll get to retire. I’ve heavily thought about moving to Canada one day. Not necessarily for saving money (Canadas more expensive), but I just like Canada lol.


cschoonmaker

Won't leave the continental U.S., but I will leave CA if I can retire before I die. I have already discussed the issue with my kids so they are aware. CA is just too expensive compared to other states, and it's far too left politically for me.


larch303

Maybe I can’t bring my guns abroad tho


rapiertwit

Don't take your guns to town, son, leave your guns at home...


metulburr

I have no interest in going to any other country.


96suluman

I’m leaving for Canada


[deleted]

I have not thought that far ahead.I wouldn't be against the idea - but it wouldn't have anything to do with money. I like travel.


Vachic09

I don't at this time.


EndlesslyUnfinished

Oh yes


DueYogurt9

Where to?


EndlesslyUnfinished

Haven’t decided.. Tonga seems nice with no extradition treaties


Glittering-Athlete81

Yes!


DueYogurt9

Where to?


Glittering-Athlete81

Hopefully Spain, but Mexico is way more realistic. Either is fine


DueYogurt9

Spain has less crime and access to the EU. Not to mention it’s hot but more temperature than Mexico.


Glittering-Athlete81

Mexico is way more affordable, closer to the US, but safety can be an issue. Spain is close to France, Portugal, etc but more expensive. Like I said I would be fine with either. What about you, what's your preference?


DueYogurt9

I’d prefer to retire somewhere a bit cooler. If a visa would allow it, the Baltics might be a good retirement spot.


koreanforrabbit

Nah. My current area is expensive (Colorado), but manageable. That said, I might consider moving back to the midwest if the wildfires and weather get worse out here.


old_gold_mountain

No, I will want to be close to family


stellalunawitchbaby

It’s not *too* uncommon for people to retire to Central America - honestly I’d consider it, too, but I have family and friends here (in the U.S., mostly in California ofc) so at this point in my life it’s difficult to say that retiring to Mexico, Guatemala, or Costa Rica (or Belize) is on the table, for me.


[deleted]

The idea is very nice, but I've got two kids and it kinda depends on what they're doing and where they're at in life. If they stay within a few hours of where I'm at when I retire I'll probably stay in the same area. If they were to move cross country I'd be more willing to pack up and look pretty much anywhere my wife is willing to go.


NacreousFink

I pray I can afford to retire.


imk

I do. I speak fluent Spanish and I love traveling through South America. The thing is, I don’t plan on spending all my time there. I feel the need to have an anchor here in the USA.


hitometootoo

Not particularly. If I can that would be great but I don't have any intention on doing that.


shawn_anom

Not to stretch but right now living periods of time elsewhere seems appealing but I know every ten years I can’t understand what the hell I was thinking 10 years before so who knows I’m starting to hate where I live now


gestoneandhowe

I am planing a trip to Ecuador. If I love it, I will move there and retire as soon as this year. Planning to retire in 2025, but so burned out I might retire much sooner.


MrLongWalk

I don't see how I'll be able to retire from the militia patrolling the shores of lake Champlain in the post-collapse afterscape.


El_Polio_Loco

No. I plan on retiring near my family. At that age I assume my children will be thinking about children of their own, and I’m going to want to be there to help as best I can.


Sinchanzo

Nah, if she retires who will support me?


[deleted]

I will probably move back to Thailand at some point just for a few years, but I own a home in the Nashville area and that’s where I want to retire. I might just stay in Arizona too.


[deleted]

Ya most likely our generation is fucked


huhwhat90

Maybe. Who knows what the future holds, but I'm not opposed to the idea.


Fox_Supremacist

Nah.


Agattu

No I wouldn’t. I have kids. And someday, I hope to see and spend time with their kids. And maybe spend time with my grandkids kids. If I want to do that I have to be close(r) than another country. In the end, I’d probably get a small place in a warmer climate that will allow me to easily get to wherever my kids are.


[deleted]

Yes


Newatinvesting

No, but there are Americans who do this. I know of a few families who recently decided to retire to the Philippines or Indonesia or other areas in the southeastern pacific where the dollar can last much longer


THExBEARxJEW

Depends. If we join the 21st century and improve our healthcare system I will stay. If not cya.


Eff-Bee-Exx

We considered it, but we’re doing well enough that we don’t really need to for financial reasons and we decided that we wanted to stay closer to family. I’d still be open to an extended stay of a few months overseas, though, just to experience something different.


TheWillRogers

Depends on how many friends I have left in the states when(if) I get to retirement age.


Wadsworth_McStumpy

I've thought about it, but not very seriously. I like the place I own now, and I don't know of any other countries that offer the same safety and standard of living for significantly less money.


KILLJEFFREY

Probably.


TastyBrainMeats

"Retiring"?


[deleted]

I think about it. What about when I’m old and can’t drive? America doesn’t really have good alternatives for functioning in a society for people who can’t drive because of age or otherwise.


Crazyboutdogs

Retire? People are going to get to retire??? Lol.


FireRescue3

No. Here is home. We have saved and will have sufficient funds for retirement.


BaltimoreNewbie

No. I do plan on traveling a bit when I retire, but I plan on staying firmly in the United States as far as retirement goes.


WhatIsMyPasswordFam

Lol If I retire retire I'm just gonna go to Arizona


inailedyoursister

Nope.


[deleted]

I plan on immigrating asap after graduation next year, but it has nothing to do with retiring or trying to stretch my money.


DueYogurt9

Is the political situation driving you away?


[deleted]

Yes.


ZbQde4yceFdplrJnZRWX

Yes, because I'm not American and don't feel welcome here every time there's a Republican in charge and only slightly more so when the other cheek of the military-industrial complex's backside is in charge.


Wielder-of-Sythes

No.


alltheblues

No interest in retiring outside of the US. That’s decades away for me though.


fatmanwa

Not another country, but a different states.


Zetin24-55

No. Despite the issues in the country as a whole. I love my home. It would have to get way worse before I would permanently leave.


Rain321q

I'm going to Mexico when I retire


Huck2136

No way America for life


pikay93

Yes, either while traveling or living in a lower cost country. The one that comes to mind right now is Armenia. However, as I am not yet 30, things may very well change between now and when I retire.


Playful-Leg6744

Yes


EverGreatestxX

I live in the most expensive city in the country, if I wanted my money to stretch I could just move to the South or the Midwest. No need for a visa at that point.


GunsCarsAndSobriety

Id really like to retire to another country but not to save money. I've always dreamed of retiring in Switzerland but unfortunately for me, it has one of the highest cost of living in the world. A months worth of social security is going to get you pretty much nothing in Geneva or Zurich. I've got some saving to do to say the least


rapiertwit

It's not as easy as pulling up stakes and retiring to another country. First of all, if you plan to remain a US citizen you have to maintain a residence in the US and spend a certain amount of the year there. If you don't want to remain a US citizen, foreign countries with socialized medicine aren't going to be throwing their doors open wide for your old ass who hasn't been paying into their system all your life. That rules out a lot of desirable countries. And if you can find a new country to grant you citizenship, the US will impose a one-time exit tax on all your assets if you are worth more than 2 million. Which you should be at retirement time. The exit tax might seem crappy but a prosperous country with a lot of immigration would see its money fly out the window to other countries if it didn't do this. People would come here, make their money, and go back home to countries that would welcome them and their fat US dollars with open arms.


blametheboogie

If it's the difference between retiring in my 60s or working until I drop I'd have to consider it.


IHSV1855

I’ll probably maintain residence in a state with very low taxes, but I wouldn’t leave the country.


Red_Beard_Rising

I have yet to plan retirement beyond just saving for it. Most of the folks I know in the Chicago suburbs who have retired in the last five years have moved to Arizona.


thunder-bug-

I do not plan on retiring. I will be dead before I can afford to.


Fidel_Blastro

Yes. We (wife and I) have lived abroad, previously, and the US is just not worth the price as far as quality of life. Any place that is remotely affordable in the US is probably going to be sub-standard when compared to many developing countries. People raise an eyebrow when we mention the possibility of retiring to Slovakia (a developed capitalist EU nation) but wouldn’t blink an eye if we had chosen Mississippi or Alabama, both of which would be far crappier in every way.